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2023
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Kinesis Mint Becomes the Official Partner for the House of
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Kinesis Mint Becomes the Official Partner for the House of
Thought Leadership
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2023
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CryptoCurrency
Crypto Mining Company Argo Reduced Losses by 85% in 2023
The company slashed its debt burden by 63% and optimized operations.
However, the mining difficulty of BTC after the halving has reached historical highs.
Thursday, 25/04/2024 | 06:58 GMT
by
Damian Chmiel
Payments
Equals' Profit More than Doubled in 2023 to £7.7 Million
The payments company reported record revenue, profitability, and cash generation in 2023.
Tuesday, 16/04/2024 | 06:55 GMT
by
Damian Chmiel
Payments
ClearBank Goes from £7.1M Loss to £18.4M Profit in One Year
The company achieved profitability in 2023 despite the challenging financial landscape.
On top of that, the value of held deposits rose to £6.1 billion.
Thursday, 04/04/2024 | 08:10 GMT
by
Damian Chmiel
Analysis
Active Traders in Poland’s FX/CFD Markets Up 23%, Outpacing EU Peers
"European Tiger" takes the lead regarding active FX/CFD traders numbers, reaching 175,000.
However, investors' trading activity decreased compared to the record-breaking 2022.
Wednesday, 03/04/2024 | 12:07 GMT
by
Damian Chmiel
Retail FX
Plus500’s Net Profit Fell by 40% in 2023
Total revenues also shrank 14% to $726 million.
However, the company managed to acquire over 90,000 new customers.
Tuesday, 02/04/2024 | 07:03 GMT
by
Damian Chmiel
Retail FX
Playtech Boosts Revenue to €1.7B Thanks to Key Milestone in B2C
The company exceeds expectations with 9% Adjusted EBITDA growth.
However, the profit after tax fell slightly, decreasing 2% compared to 2022.
Wednesday, 27/03/2024 | 07:43 GMT
by
Damian Chmiel
FinTech
CAB Payments' Expansion Strategy Pays Off with 25% Income Rise
Despite higher gross income, the company reported lower profit after tax.
It fell 29% to £23.9 million from £33.4 million achieved a year earlier.
Tuesday, 26/03/2024 | 07:56 GMT
by
Damian Chmiel
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FinTech
UP Fintech Attracts Record Net Asset Inflow, Doubles Total Account Balance in 2023
The company reports strong 2023 results driven by expansion and product innovation.
Revenues increased 10% on a quarterly and 21% on a yearly basis.
Wednesday, 20/03/2024 | 08:34 GMT
by
Damian Chmiel
Retail FX
iSAM Securities UK Unit’s Revenue Falls 11% as Trading Environment Weakens
The financial results turned out to be visibly worse than the previous year.
However, the London-based prime broker is gearing up for expansion with new offerings.
Thursday, 14/03/2024 | 11:07 GMT
by
Damian Chmiel
Retail FX
XTB UK Active Clients Surge 90% in 2023 amid Strong Market Volatility, New Products
The company also reported an increase of 21% in revenue and a rise of 100% in net profit.
Fintech wants to enter the £400 billion ISA market, which could boost its future performance.
Thursday, 14/03/2024 | 09:29 GMT
by
Damian Chmiel
Payments
Worldline's 2023: Revenue Up but €817M Net Loss Weighs on Results
The company's income grew to €4.61 Billion, but it reported a net loss of €817M.
For 2024, Worldline targets at least 3% organic revenue growth and €1.17 Billion in EBITDA.
Wednesday, 28/02/2024 | 13:30 GMT
by
Damian Chmiel
CryptoCurrency
Abu Dhabi's First Crypto Miner Shows Initial Report Following $370M IPO Success
Phoenix Group UAE reported a jump in net income of 50% despite visibly lower revenues.
Crypto assets growth and a one-time contract boosted company's earnings.
Thursday, 15/02/2024 | 09:15 GMT
by
Damian Chmiel
Retail FX
FCA’s 2023 Crusade against Financial Fraud Hits New Peak
The number of warnings rose 21% from 2022.
Awareness and use of FCA's Warning List increased, aiding scam prevention.
Thursday, 08/02/2024 | 12:26 GMT
by
Damian Chmiel
FinTech
Fintech and VC Funding Plummet off a Cliff: Worst Results in 5 Years
Fintech funding has reached its lowest levels since 2017
Declines have spared virtually no region or industry.
Wednesday, 07/02/2024 | 11:20 GMT
by
Damian Chmiel
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Institutional FX
MarketAxess Reports Higher Net Income and Volume in 2023, Fueled by X-Pro Platform
The company reports 11% revenue growth in Q4 and substantial gains in 2023.
The new platform and volume growth drove positive results.
Wednesday, 31/01/2024 | 12:21 GMT
by
Damian Chmiel
Institutional FX
Virtu Financial's 2023 Profit Decline 42% amid Changing Markets
The fall occurred despite maintaining strong EBITDA margins.
For Q4 2023, the drop was even more visible and came in at 83%.
Thursday, 25/01/2024 | 11:35 GMT
by
Damian Chmiel
FinTech
Boku's Revenue Jumps 30% to $82.7 Million Driven by Increased Transaction Volumes
The company also forecasts continued growth into 2024
In response to solid results, Boku's shares jumped 7%, hitting a two-year high.
Tuesday, 23/01/2024 | 09:31 GMT
by
Damian Chmiel
Retail FX
2024 IPO Outlook: EY's Chan Forecasts a Brighter Year for Listings Post-2023's Gloom
Last year saw fewer offerings and lower capital compared to 2022.
Despite market challenges, 2024 could see improved IPO prospects.
Thursday, 18/01/2024 | 21:01 GMT
by
Damian Chmiel
Retail FX
Interactive Brokers Reports Strong Q4 2023 Results with Income Soaring 18%
The firm's net revenues hit $1.139 billion, reflecting a substantial increase from the same quarter last year.
Interactive Brokers posted an increase of 29% in net interest income.
Tuesday, 16/01/2024 | 22:07 GMT
by
Jared Kirui
FinTech
Equals Group Ends 2023 on High Note with 37% Revenue Surge
The rise was driven by growth in its Solutions business and B2B products.
Despite an ongoing strategic review, Equals expressed confidence in its growth prospects.
Tuesday, 16/01/2024 | 08:01 GMT
by
Damian Chmiel
FinTech
Cornerstone Announces 100% Revenue Increase in 2023
The company reported a revenue of £9.6M.
Strong customer base and transaction values drove growth in the past year.
Wednesday, 10/01/2024 | 08:07 GMT
by
Damian Chmiel
ADVERTISEMENT
CryptoCurrency
KuCoin Expands User Base to 31 Million, Doubles Trading Volume in 2023
The crypto exchange reported a visible growth despite regulatory challenges.
The spot crypto volumes rose 106% compared to 2022.
Tuesday, 09/01/2024 | 10:51 GMT
by
Damian Chmiel
FinTech
The Great Fintech Slowdown: US and UK's Funding Struggle in 2023
US fintech funding falls 36% to $18.2 Billion in 2023, while the UK sees 63% drop to $4.2 Billion.
Economic challenges lead to those significant downturns in the biggest fintech economies.
Monday, 08/01/2024 | 11:16 GMT
by
Damian Chmiel
CryptoCurrency
Bitget Wallet Unveils AI Tool to Spot Crypto "Whales"
Former BitKeep launched a new feature to track top crypto traders.
The crypto wallet surpassed 12 million users in 2023.
Friday, 05/01/2024 | 10:00 GMT
by
Damian Chmiel
Institutional FX
SIX Swiss Exchange Records 13% Drop in Turnover amid Declining Transactions
The exchange’s turnover decreased to CHF 1,046.3 billion in 2023.
SIX's transaction volumes dropped to 46,094,349 from 60,810,665.
Wednesday, 03/01/2024 | 16:16 GMT
by
Jared Kirui
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